Year 2010 marks the Golden Jubilee year of the Company.
 
 As we celebrate the 50th year of existence of the Company in 2010, it
 is a matter of great pride to reflect on and recognize the enormous
 progress made by Zenith over the years. There have been good times and
 difficult times over its history. However, Zenith has many achievements
 to its credit which are significant mikstones.
 
 All this would not have been possible without the unflinching support
 of our shareholders, customers, banks and financial institutions,
 suppliers, vendors and business partners, employees, government and alt
 those associated with the Company, directly or indirectly. I would like
 to convey my appreciation and gratitude to alL
 
 The Board of Directors has recommended a final dividend of Rs.2/-per
 share on the expanded Share Capital of the Company, as on date. This
 includes Rs. 1.40 per share, as a special dividend, for commemorating
 the Company s Golden Jubilee year. The Board has also decided to
 further reward the shareholders by way of 1 Bonus Share for every 5
 Equity Shares held in the Company as on the Record Date to fixed in
 this behalf.
 
 We desire to excel our past performance and expand our horizons.
 Looking ahead, I believe the best is yet to come.
 
                                                        Yash Birla
                                                        Chairman